The stock of Advantage Lithium Corp (CVE:AAL) gapped up by $0.02 today and has $2.95 target or 173.00% above today’s $1.08 share price. The 9 months technical chart setup indicates low risk for the $59.22 million company. The gap was reported on Nov, 9 by Barchart.com. If the $2.95 price target is reached, the company will be worth $102.45 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 170,345 shares traded hands or 7.45% up from the average. Advantage Lithium Corp (CVE:AAL) has risen 6.00% since October 10, 2016 and is uptrending. It has outperformed by 1.22% the S&P500.
More notable recent Advantage Lithium Corp (CVE:AAL) news were published by: Investingnews.com which released: “Nevada Sunrise Completes Transaction with Advantage Lithium Corp. on Nevada …” on August 29, 2016, also Investingnews.com with their article: “Advantage Lithium” published on September 19, 2016, Marketwatch.com published: “Advantage Lithium Signs Definitive Agreement to Acquire Stella Marys Project …” on October 28, 2016. More interesting news about Advantage Lithium Corp (CVE:AAL) were released by: Marketwatch.com and their article: “Nevada Sunrise and Advantage Lithium intersect lithium brines ranging up to …” published on November 01, 2016 as well as Finance.Yahoo.com‘s news article titled: “Nevada Sunrise and Advantage Lithium begin drilling program at Clayton …” with publication date: October 18, 2016.
Advantage Lithium Corp. is a Canada resource company. The company has a market cap of $59.22 million. The Firm is focused on acquisition, exploration and development of lithium properties. It currently has negative earnings. The Firm has a portfolio of over 10 projects covering approximately 112,286 acres, in a range of mining jurisdictions.
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